Australian Late Payments Analysis

June Quarter Analysis 2018

Late payments hit record low in 12 months to June

The average late payment time for an Australian business fell to a record 11.0 days during FY2018, according to illion’s latest analysis. The June quarter average represents a 24.9 per cent annual drop, down from 14.6 days in the prior corresponding period. The percentage of businesses paying their bills on time was 70 percent.